Fiscal system stability to be strengthened
The new Finance Companies Act and the Banking Act
to regulate the banks and finance companies will strengthen the
fiscal system stability in the country, Central Bank (CB) Governor
Ajith Nivard Cabraal said.
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Bank to support Government’s agricultural
projects:
More BoC branches in North and East soon
The Bank of Ceylon (BoC) will set up eight
branches in each province in the North and East this year under its
expansion program towards the development process of the country.
This will include nine ATMs in the North, seven ATMs in the East and
eleven mobile units, said Chairman, Bank of Ceylon, Dr Gamini
Wickramasinghe.
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Arpico Finance Rights Issue oversubscribed
Arpico Finance has successfully concluded two
rights issues for the year 2008/09. Both rights issues were
oversubscribed raising over Rs. 80 million, increasing the Company’s
liquidity and capital funds.
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